Malaysia legislation
Section 11
Section 11
(2)
Without prejudice to the generality of subsection (1), the powers of the Corporation shall include the power—
(a)
to develop, enhance, improve, deal with, sell, sublease, and to enter into contract, arrangement or scheme for the development and sale of any assets or property of the
Corporation, movable and immovable, in such manner as the
Board may think expedient;
(b)
to engage or undertake in any activity, either alone or in joint venture with other company, corporation or institution, to better carry out, discharge or execute the functions or responsibilities of the Corporation;
(c)
to provide technical advice or assistance, including training and training facilities, for the development or improvement of skills, technical know-how and knowledge, to housing developers, building contractors, sub-contractors, suppliers or the officers and employees of the Corporation;
(cc)
to supervise the construction of various categories or types of housing accommodations as the Minister may determine, in accordance with the required standards, quality and design;
[Ins. Cap. A159/2013]
(d)
to provide services for the management and maintenance of buildings and, in particular, the management and maintenance of buildings or flats owned or acquired by the
Corporation;
(e)
to grant loans to officers and employees of the
Corporation for any purpose specifically approved by the Board;
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(f)
subject to section 24(1), to borrow or raise loans or obtain credit facilities from the State Government or the
Government of Malaysia or any financial institution and to issue or provide such securities as may be required for the purposes of raising or obtaining such loans or borrowings;
(g)
subject to the Corporation having the requisite licence or permit, to undertake a scheduled business under the Banking and Financial Institutions Act 1989 [Act 372];
(h)
to provide recreational facilities and promote recreational activities for, and activities conducive to, the welfare of officers and employees of the Corporation;
(i)
to provide training or educational courses for officers and employees of the Corporation and to award scholarships or otherwise pay for such training or courses;
(j)
to levy or impose fees or charges for services provided by the Corporation; and
(k)
to do anything incidental to any of its powers.
Formation of companies